I'm currently participating in a trading competition, which is why I'm opening more trades than usual—these are not on my personal account. Typically, I only open one trade per day on my personal account, but only when my setup shows a high probability of confirmation.
Trade Management: I've decided to open a short position because the price has been creating Fair Value Gaps (FVG) consecutively on the 5-minute chart, and it seems likely that it will seek liquidity in the lower zones. Additionally, there's a 4-hour FVG, which increases the probability of the price continuing to drop. However, once it reaches the sell-stop, I plan to take partial profits (70%).
Risk: 1%
Risk-Reward Ratio: 2.84